SING maximising financial efficiency in your school

Maximising Financial Efficiency in your school Sharon Fida, School Business Manager, Castlebar School sfida@castlebar.ealing.sch.uk Network  Challenge  Compare & Share  Prioritise & Streamline  Look for alternative income streams  Other SBMs Stakeholders Contractors, Suppliers e.g Colleagues, Governors, Parents/pupils & local businesses The SBM EFA/DFE Other advisers e.g The LA, The Key Consortiums & Alliances Headteachers       Advice – Information - Alternative ideas Benchmark Data Joint Bargaining Power - Economies of Scale Opportunities to share best practice/CPD Confirmation of Success Recommendations     • • • Prices -including contracts, SLAs, utilities Current systems and approaches Staffing arrangements Wastage (photocopier, stockpiling) Consider outsourcing- jointly or with neighbouring schools Be innovative -make use of new technologies Re-negotiate or re-tender Staff Absence - Cover arrangements      Do we need to cover – or can we manage? Can we cover internally – e.g move staff around Are bank staff a better alternative than agency staff? Best to negotiate prices upfront with agencies If the requirement is for long term cover consider agreeing a count down straightaway in case the position is made permanent Always discuss the rate payable after AWR Look at streamlining procedures and finding better ways of doing things – embracing new technology:  E.g Online payment systems Use of texting or emails rather than sending letters Online recruitment services Online advertisements     The sharing of information between schools Speedy replies from the round robin email or from directed emails (2 way street for information sharing) Confirmation & Recommendation- knowing you have a good price/deal   What are others doing to maximise efficiencies School to School Support – Mentoring/Outreach/Training A rolling programme of contract & SLA review Prioritise contracts not delivering a quality service Prioritise areas with biggest spend Prioritise areas which meet key school improvement needs  ***Share the work - utilise your network       Lettings (Pool/Hall/Classrooms) Offering Classes e.g Yoga, Swimming, Exercise Training & CPD Opportunities Fundraising (raffle prizes – be cheeky!) Grants Match funding  The Dept For Education, Jan16 Guidance:- Schools financial health & efficiency (includes interesting case studies): https://www.gov.uk/government/collections/schools-financialhealth-and-efficiency  Schools Financial Benchmarking:  The Key: https://www.education.gov.uk/sfb/login.aspx https://schoolleaders.thekeysupport.com/bundles/financialefficiency/ Any Questions ? ... https://www.gov.uk/government/collections/schools-financialhealth-and -efficiency  Schools Financial Benchmarking:  The Key: https://www.education.gov.uk/sfb/login.aspx https://schoolleaders.thekeysupport.com/bundles/financialefficiency/... Opportunities Fundraising (raffle prizes – be cheeky!) Grants Match funding  The Dept For Education, Jan16 Guidance:- Schools financial health & efficiency (includes interesting case studies):... Prices -including contracts, SLAs, utilities Current systems and approaches Staffing arrangements Wastage (photocopier, stockpiling) Consider outsourcing- jointly or with neighbouring schools Be innovative